American Funds Tax-Exempt Preservation Portfolio (TEPAX)
The investment seeks current income that is exempt from regular federal income tax, consistent with preservation of capital. The fund invests in a mix of American Funds fixed income funds. It will principally invest in funds that seek current income through investments in bonds or in other fixed income instruments. The underlying funds may hold securities issued and guaranteed by the U.S. government, securities issued by federal agencies and instrumentalities and securities backed by mortgages or other assets.
Fund Info
US02630Y1091
02630Y109
May 17, 2012
$250
Expense Ratio
TEPAX has an expense ratio of 0.34%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
American Funds Tax-Exempt Preservation Portfolio (TEPAX) returned 0.51% year-to-date (YTD) and 2.62% over the past 12 months. Over the past 10 years, TEPAX returned 1.41% annually, underperforming the S&P 500 benchmark at 10.78%.
TEPAX
0.51%
0.63%
0.48%
2.62%
0.93%
1.41%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of TEPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 0.71% | -0.50% | -0.42% | 0.10% | 0.51% | |||||||
| 2024 | 0.01% | 0.07% | -0.03% | -0.64% | 0.00% | 0.92% | 0.94% | 0.79% | 0.74% | -0.84% | 0.82% | -0.64% | 2.14% |
| 2023 | 1.60% | -1.55% | 1.42% | -0.15% | -0.80% | 0.36% | 0.29% | -0.36% | -1.33% | -0.23% | 3.11% | 1.30% | 3.63% |
| 2022 | -1.75% | -0.25% | -1.79% | -1.40% | 0.82% | -0.44% | 1.25% | -1.25% | -1.69% | -0.08% | 2.06% | 0.18% | -4.35% |
| 2021 | 0.35% | -0.73% | 0.16% | 0.36% | 0.06% | 0.05% | 0.25% | -0.15% | -0.45% | -0.15% | 0.14% | 0.09% | -0.03% |
| 2020 | 0.90% | 0.61% | -1.69% | -0.48% | 2.26% | 0.40% | 0.90% | -0.12% | -0.03% | -0.11% | 0.58% | 0.28% | 3.52% |
| 2019 | 0.62% | 0.27% | 0.72% | 0.05% | 0.79% | 0.43% | 0.56% | 0.54% | -0.48% | 0.24% | 0.01% | 0.32% | 4.14% |
| 2018 | -0.31% | -0.08% | 0.03% | -0.37% | 0.54% | 0.25% | 0.16% | 0.17% | -0.38% | -0.27% | 0.57% | 0.62% | 0.91% |
| 2017 | 0.44% | 0.46% | 0.19% | 0.49% | 0.66% | -0.16% | 0.35% | 0.53% | -0.28% | 0.04% | -0.59% | 0.29% | 2.43% |
| 2016 | 0.83% | 0.17% | 0.08% | 0.37% | 0.09% | 0.98% | 0.09% | 0.06% | -0.42% | -0.52% | -2.46% | 0.59% | -0.17% |
| 2015 | 1.24% | -0.62% | 0.09% | -0.31% | -0.29% | -0.11% | 0.52% | 0.08% | 0.40% | 0.42% | -0.02% | 0.36% | 1.77% |
| 2014 | 1.33% | 0.81% | -0.37% | 0.82% | 0.94% | -0.01% | 0.12% | 0.70% | 0.00% | 0.41% | 0.09% | 0.04% | 5.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, TEPAX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
American Funds Tax-Exempt Preservation Portfolio provided a 2.49% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.23 | $0.19 | $0.11 | $0.09 | $0.15 | $0.18 | $0.17 | $0.17 | $0.22 | $0.23 | $0.25 |
Dividend yield | 2.49% | 2.44% | 1.96% | 1.11% | 0.87% | 1.44% | 1.79% | 1.73% | 1.79% | 2.23% | 2.36% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Tax-Exempt Preservation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.07 | |||||||
| 2024 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.23 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.03 | $0.09 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.15 |
| 2019 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.18 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2017 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2016 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2015 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Tax-Exempt Preservation Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Tax-Exempt Preservation Portfolio was 7.12%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.
The current American Funds Tax-Exempt Preservation Portfolio drawdown is 0.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.12% | Feb 16, 2021 | 428 | Oct 25, 2022 | 444 | Aug 2, 2024 | 872 |
| -6.47% | Mar 10, 2020 | 9 | Mar 20, 2020 | 69 | Jun 29, 2020 | 78 |
| -4.48% | May 6, 2013 | 86 | Sep 5, 2013 | 154 | Apr 16, 2014 | 240 |
| -3.72% | Jul 7, 2016 | 104 | Dec 1, 2016 | 186 | Aug 29, 2017 | 290 |
| -2.07% | Apr 7, 2025 | 3 | Apr 9, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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